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-- A bunch of records falling for the stock market we have a very strong investor audience here is it realistic to think that the stock market will continue to go higher and higher -- the stock market over time will go higher and higher.
That I can say that for sure.
I don't know what -- next week or next month or next year.
But I certainly know that over time it will go higher did the PC with a PE ratios still entice you with these levels or they get a little too rich well that are -- in some cases but overall.
We find things -- Have to look a little bit harder in a way to option.
Well -- the -- -- you know -- -- are far more attractive obviously through four years ago do you still read.
-- copy annual shareholder reports how did you decide.
Well I get Bob that that's the I get hundreds of them.
-- I don't I like getting them and I can remember quickly but there's some that I did some that take me at least.
Maybe even two hours to read there's -- read very carefully.
We've got the Federal Reserve on everybody's minds including.
Columbia University Columbia Business School has a question for you Warren.
About that I believe so what did you look at the camera go ahead Columbia.
And -- -- about that I'm Jennifer highs and MBA student from Columbia Business School.
My question -- how does your investment strategy and the performance of your businesses affected by prolonged low interest rate environment.
And how are you positioning now for interest rates it for industries to increase -- remain low.
-- because you know eventually they're going to tighten.
Judge eventually got -- of luxury.
Interest rates are going to go off at at.
I don't know when that'll happen and certainly low interest rates.
Have helped our business they help the economy.
Sabres who are relying on -- fixed income type investments.
I think overall the policy has been sound.
And there's no question the Berkshire Hathaway is better off today.
And the American people -- better off today because of the actions of Ben Bernanke and keeping interest rates so low.
It won't go on forever it's very very interest in -- the first signal comes Hudson they're going to advance.
Are you changing anything at Berkshire and the policies there is Jennifer asked won we -- we borrow money.
We're we're thinking in terms of long maturities not we don't borrow much money are rare road borrow money and and -- -- borrowed a borrows money.
And our utility business more money but.
And we are.
Doing the -- -- a thirty year maturities when we do that it.
Anyways borrowing money now should bar -- for a long period of time and it if you ever want -- got a mortgage today is to get the data get a mortgage -- it.
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